bostonwine on Nostr: NFTs and “digital collectibles” are widely regarded as greater-fool scams in the ...

NFTs and “digital collectibles” are widely regarded as greater-fool scams in the Bitcoin community, and using the Bitcoin blockchain doesn’t change the fact that it’s a borderline predatory practice to sell one sat for a Bitcoin, just because it’s “special”.

Bitcoin Magazine should be free to operate the business as desired… but backlash and disappointment from a (what I assume is) a large segment of your core audience should not be a surprise.

I absolutely agree that growing the Bitcoin user base is important, and there a ton of ways to achieve that.

But Bitcoin Magazine *selling* NFTS doesn’t strike me as a particularly useful way to spur adoption. It feels icky, if anything.